Alan Collins
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Alan Collins's blog post was featured

GBPUSD - Temporary Rally potential but market targets 1.4912/4813 this week

Sellers continue to govern CABLE with last week producing the 6th weekly decline in succession – tracking the lower end of a declining Keltner channel. But last week was dominated by Thursday’s price action – initial gains rejected near the key 13 day moving average then followed by the most aggressive fall of the month. The lows, posted Friday, were not held as some profit taking, from oversold extremes, was attracted but allowing for a temporary stronger bounce there remains potential to…See More
25 minutes ago
Alan Collins posted a blog post

GBPUSD - Temporary Rally potential but market targets 1.4912/4813 this week

Sellers continue to govern CABLE with last week producing the 6th weekly decline in succession – tracking the lower end of a declining Keltner channel. But last week was dominated by Thursday’s price action – initial gains rejected near the key 13 day moving average then followed by the most aggressive fall of the month. The lows, posted Friday, were not held as some profit taking, from oversold extremes, was attracted but allowing for a temporary stronger bounce there remains potential to…See More
32 minutes ago
Alan Collins's blog post was featured

EURUSD - Bounces to be limited. Potentail to 1.1282

Wednesday’s bearish Inverted Hammer pattern was latterly proved to be the key feature for yesterday's price action. Afternoon selling pressure gained momentum and the lowest levels for almost 12 years resulted. Once again EURUSD is hugging the lower end of a declining Keltner channel and although oversold extremes should attract some profit taking we look for bounces to be temporary and limited with potential through 1.1305 to 1.1282.Only above 1.1398 negates the negative tone, temporarily.  …See More
Friday
Alan Collins posted a blog post

EURUSD - Bounces to be limited. Potentail to 1.1282

Wednesday’s bearish Inverted Hammer pattern was latterly proved to be the key feature for yesterday's price action. Afternoon selling pressure gained momentum and the lowest levels for almost 12 years resulted. Once again EURUSD is hugging the lower end of a declining Keltner channel and although oversold extremes should attract some profit taking we look for bounces to be temporary and limited with potential through 1.1305 to 1.1282.Only above 1.1398 negates the negative tone, temporarily.  …See More
Friday
Alan Collins's 2 blog posts were featured
Wednesday
Alan Collins posted blog posts
Wednesday
Alan Collins commented on Alan Collins's blog post EURUSD - Keltner channel points lower. 1.1540 immediate target
"Traded through 1.1561 before a modest bounce. Sentiment remains assessed as negative but the stop is lowered to 1.1619."
Wednesday
Alan Collins's blog post was featured

GBPUSD - Keltner channel leads prices towards 1.5035

Yesterday's price action resulting in limited downside- a 3rd such day in a row. This kept prices near the base of the Keltner channel and selling pressure has extended in Asia. Oversold extremes are a growing concern and a reaction to the Asian move may well be seen but sentiment is negative targeting 1.5058 and 1.5035.…See More
Jan 20
Alan Collins posted a blog post

GBPUSD - Keltner channel leads prices towards 1.5035

Yesterday's price action resulting in limited downside- a 3rd such day in a row. This kept prices near the base of the Keltner channel and selling pressure has extended in Asia. Oversold extremes are a growing concern and a reaction to the Asian move may well be seen but sentiment is negative targeting 1.5058 and 1.5035.…See More
Jan 20
Alan Collins's 2 blog posts were featured
Jan 16
Alan Collins posted blog posts
Jan 16
Alan Collins's 2 blog posts were featured
Jan 13
Alan Collins posted blog posts
Jan 13
Alan Collins's blog post was featured

USDCHF - Setback from highs to deepen towards 1.0127

Demand that has dominated the last 4 weeks continued yesterday. A new 4 year high was posted with prices maintained levels beyond the upper end of a rising Keltner channel. This emphasises the underlying trend but also the overbought situation that was modestly addressed by the failure to maintain the peaks. It is that latter element that leaves intraday mildly, temporarily, negative going into today with scope for a deeper correction before the US NFP data with potential to 1.0150 or even…See More
Jan 9
Alan Collins posted a blog post

USDCHF - Setback from highs to deepen towards 1.0127

Demand that has dominated the last 4 weeks continued yesterday. A new 4 year high was posted with prices maintained levels beyond the upper end of a rising Keltner channel. This emphasises the underlying trend but also the overbought situation that was modestly addressed by the failure to maintain the peaks. It is that latter element that leaves intraday mildly, temporarily, negative going into today with scope for a deeper correction before the US NFP data with potential to 1.0150 or even…See More
Jan 9
Alan Collins commented on Alan Collins's blog post USDCHF - Profit Taking to deepen towards 1.0035/11
"my apologies guys. targets amended as above."
Jan 6

Profile Information

About Myself
I have been a spot/forward/prop trader, Salesperson and Technical Analyst in financial institutions for more than 30 years.
I currently co-own the 2nd independent technical analysis research company I've setup, 3cAnalysis.
Please note that all blogs and comments are for information and education only and not a recommend to trade at any time.
Trading style
Based on hourly charts
Current Broker
none

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Alan Collins's Blog

GBPUSD - Temporary Rally potential but market targets 1.4912/4813 this week

Posted on January 26, 2015 at 7:51am 0 Comments

Sellers continue to govern CABLE with last week producing the 6th weekly decline in succession – tracking the lower end of a declining Keltner channel. But last week was dominated by Thursday’s price action – initial gains rejected near the key 13 day moving average then followed by the most aggressive fall of the month. The lows, posted Friday, were not held as some profit taking, from oversold extremes, was attracted but allowing for a temporary stronger bounce there remains potential to…

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EURUSD - Bounces to be limited. Potentail to 1.1282

Posted on January 23, 2015 at 7:24am 0 Comments

Wednesday’s bearish Inverted Hammer pattern was…

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USDCAD breaks key levels. Longer term investors will target 1.2470.

Posted on January 21, 2015 at 3:57pm 0 Comments

Today's powerful move higher has taken USDCAD to the most positive levels since Q2 2009 and also recovered more than 76% of the fall from that year's peak.

Although some profit taking will be attracted as the dust on today's news settles, longer term investors will remain bullish of this currency pair targeting 1.2470 or even 1.2601 in the coming weeks.…

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EURUSD - Keltner channel points lower. 1.1540 immediate target

Posted on January 21, 2015 at 6:55am 1 Comment

Monday’s minor net gains were overturned yesterday. But the resulting downside was still muted – keeping prices near the bottom of a negative Keltner channel but without threatening Friday’s bullish Hammer pattern. This price action does not supply strong signals for sentiment but, despite Asian gains, 3cA studies are left negative for this morning with potential through 1.1561 to 1.1540 or even towards 1.1493. The risk is above 1.1642.…

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